NOTE 10 - SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2016

Share-based Compensation [Abstract]

NOTE 10 - SHARE-BASED COMPENSATION

For share-based awards granted, we have recognized compensation expense based on the estimated grant date fair value method.  For these awards we have recognized compensation expense using a straight-line amortization method reduced for estimated forfeitures.  

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three and nine months ended September 30, 2016 and 2015, respectively, was as follows:

	Three Months Ended		Nine Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
(in thousands)
Cost of goods sold	$3	$2	$11	$11
Research and development	23	18	82	58
Selling, general and administrative	84	73	316	261
Total share-based compensation	$110	$93	$409	$330
Impact on net earnings per share:
Basic and diluted	($0.01)	($0.01)	($0.05)	($0.04)

Equity awards granted during the three and nine months ended September 30, 2016 and 2015 were as follows:

	Three Months Ended			Nine Months Ended
		Sep. 30, 2016	Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Restricted Stock		3,000	—		225,100	193,800

There were no stock option awards issued during the three and nine months ended September 30, 2016 and 2015.

Non-employee directors Restricted Stock Units (“RSU’s”) vest over one year, employee RSU’s vest over four years with the expense being recognized over the vesting period.

The remaining unamortized expected future equity compensation expense and remaining amortization period associated with unvested option grants, restricted stock awards and restricted stock unit awards at September 30, 2016 are:

	Sep. 30, 2016
(in thousands unless specified)
Unamortized future equity compensation expense	$1,188
Remaining weighted average amortization period in years	2.67